Mises Wire

$698 BIllion Deficit

$698 BIllion Deficit

Sen. Fritz Hollings (D-SC): ”And at the national level, we’ve got Enron accounting galore. The President said two weeks ago on page one of his budget report that we have a $455 billion deficit at the end of next month; that’s when the end of the fiscal year terminates. The truth of the matter is, you turn to page 57 of the report and you’ll see it’s $698 billion.”

 

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